Autodesk Inc (ADSK)

Debt-to-equity ratio

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Long-term debt	US$ in thousands	2,285,000	2,284,000	2,283,000	2,282,000	2,282,000	2,281,000	2,280,000	2,279,000	2,279,000	2,277,900	2,626,800	1,638,400	1,637,900	1,637,200	1,636,600	1,636,100	1,635,600	1,635,100	1,290,300	1,389,800
Total stockholders’ equity	US$ in thousands	2,161,000	1,855,000	1,482,000	1,206,000	897,000	1,145,000	906,000	740,000	681,000	849,000	1,280,000	1,328,000	1,128,000	965,000	69,300	67,300	-139,100	-139,000	-171,500	-194,300
Debt-to-equity ratio		1.06	1.23	1.54	1.89	2.54	1.99	2.52	3.08	3.35	2.68	2.05	1.23	1.45	1.70	23.62	24.31	—	—	—	—

April 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,285,000K ÷ $2,161,000K
= 1.06

Autodesk Inc's debt-to-equity ratio has fluctuated over the past several quarters. The ratio was at its lowest at 1.06 in April 2024, indicating a relatively lower reliance on debt to finance its operations compared to equity. The ratio then increased to 1.23 in January 2024 before rising significantly to 1.54 in October 2023 and further to 1.89 in July 2023. These increases suggest a greater proportion of debt in the company's capital structure during these periods.

The ratio spiked to 2.54 in April 2023, indicating a substantial increase in debt relative to equity. This was followed by a decrease to 1.99 in January 2023 and then a subsequent upward trend, reaching 3.35 in April 2022. The ratio then decreased to 2.68 in January 2022, rose again to 2.05 in October 2021, before falling back to 1.23 in July 2021.

In recent periods, the debt-to-equity ratio has shown considerable volatility, with a peak of 23.62 in October 2020 and 24.31 in July 2020. These extremely high ratios could indicate a significant level of debt in relation to equity, potentially signaling a high financial risk for the company.

It is important to note that no data is available for the debt-to-equity ratio for October 2019, January 2020, and April 2020. Overall, the fluctuating trend in Autodesk Inc's debt-to-equity ratio highlights changes in the company's capital structure and financial leverage over the analyzed periods.